The Chaos of American Politics

The debt ceiling is nothing more than a piece of paper signed by Congress. But where does that number come from? The number comes from a way in which the Republicans have trying to be disciplined, right? We cannot possibly have a debt ratio more than X, right? Right. So now the American economy is- Is it based on any equation or- No, no. It's a David Drum thing. Let's figure it in the area. We have to put it out of your arms. Yeah. Now, the equation that you speak of materializes if the markets reject American debt, then you have default premium and then interest rates in the long term, in the United States, will